Additional Lessor Obligations Clause Samples
The "Additional Lessor Obligations" clause defines specific duties or responsibilities that the lessor must fulfill beyond the standard terms of a lease agreement. These obligations may include providing certain services, maintaining common areas, or ensuring compliance with particular regulations relevant to the leased property. By clearly outlining these extra requirements, the clause ensures that both parties understand the lessor's expanded role, thereby reducing the risk of disputes and promoting smooth operation of the lease.
Additional Lessor Obligations. A. Lessor agrees to fully and timely comply with all notice requirements set forth in Section 10.02 of the Management Agreement with respect to a Sale of the Inn. Lessor further acknowledges and agrees that any failure by Lessor to timely provide notice to Manager as set forth in Section 10.02 of the Management Agreement with respect to a Sale of the Inn shall extinguish any right of Lessor to enter such Sale.
▇. ▇▇▇▇▇▇ agrees, where applicable, upon request by Manager, not to unreasonably withhold, condition or delay the prompt signing, without charge, of applications for licenses, permits or other instruments necessary for operation of the Inn, which applications shall be prepared by Manager as necessary from time to time. Lessor further agrees to fully and timely comply with and perform all of the duties and obligations to be performed by Lessee as "Owner" under the Management Agreement, including but not limited to, those duties and obligations set forth in Sections 1.01, 1.02.D, 4.07, 7.01, 7.02 8.01, 8.02, 8.03, 8.04, 10.01, 10.02, 11.05, 11.08, 11.09 and 11.12, of the Management Agreement.
▇. ▇▇▇▇▇▇ covenants and agrees to exercise (as required or appropriate subject to the terms hereof) and perform all of its rights, duties and obligations as "landlord" or "lessor" under the Lease.
▇. ▇▇▇▇▇▇ agrees to forward promptly to Manager a true and complete copy of any and all material notices received by Lessor with respect to the Lease, including, without limitation, each and every notice of default by Lessor that Lessor receives in respect of the Lease, and each and every notice of default by Lessee given by Lessor in respect of the Lease.
▇. ▇▇▇▇▇▇ shall not, without the prior written consent of Manager, cause, effect, initiate, grant, enter into, accept, permit, consent to, or acquiesce in, an amendment, termination, or a surrender, of the Lease.
▇. ▇▇▇▇▇▇ covenants and agrees to enforce, short of termination, the terms, conditions and provisions of the Lease for the benefit of Manager and the Inn.
Additional Lessor Obligations. A. Lessor agrees to fully and timely comply with all notice requirements set forth in Section 18.01 of the Management Agreement on each occasion that Lessor receives a bona fide written offer for a Sale of an Inn that it desires to accept. Lessor further acknowledges and agrees that any failure by Lessor to timely provide notice to Manager as set forth in Section 18.01 of the Management Agreement with respect to a bona fide written offer for a Sale of an Inn shall extinguish any right of Lessor to enter such Sale.
▇. ▇▇▇▇▇▇ agrees, where applicable, upon request by Manager, not to unreasonably withhold, condition or delay the prompt signing, without charge, of applications for licenses, permits or other instruments necessary for operation of each Inn, which applications shall be prepared by Manager as necessary from time to time.
Additional Lessor Obligations. Lessor agrees, where applicable, upon request by Manager, not to unreasonably withhold, condition or delay the prompt signing, without charge, of applications for licenses, permits or other instruments necessary for operation of the Inn, which applications shall be prepared by Manager as necessary from time to time.
Additional Lessor Obligations. A. Lessor agrees to fully and timely comply with all notice requirements set forth in Section 18.01 of the Management Agreement on each occasion that Lessor receives a bona fide written offer to purchase or lease any one or more of the Inns that it desires to accept. Lessor further acknowledges and agrees that any failure by Lessor to timely provide notice to Manager as set forth in Section 18.01 of the Management Agreement with respect to a bona fide written offer to purchase or lease any one or more of the Inns shall extinguish any right of Lessor to enter such sale or lease.
▇. ▇▇▇▇▇▇ agrees, where applicable, upon request by Manager, not to unreasonably withhold, condition or delay the prompt signing, without charge, of applications for licenses, permits or other instruments necessary for operation of each Inn, which applications shall be prepared by Manager as necessary from time to time.
Additional Lessor Obligations. In addition to the obligations of Lessor set forth in paragraph 50 above, Lessor agrees to repair, at its own cost and expense, the parking lot portion of the Premises depicted on Exhibit "A" attached to the Lease, including installing new landscaping, repairing the sprinkler systems such that they are in good working condition, and repairing the exterior lighting such that it is in good working condition. Lessor shall also repair and replace as necessary the asphalt in such parking lot such that it is in good condition and shall restripe the entire parking lot to be in compliance with City Code, at Lessor's cost and expense. The parking lot improvements shall be diligently prosecuted to completion, but such work shall not be a condition to Lessee's occupancy of the Premises nor shall it affect the Commencement Date under the Lease or the date Base Rent becomes payable under the Lease.
Additional Lessor Obligations